Donald Trump has floated big tariffs. What could the impact be?

It hasn’t gotten the same amount of attention as some of his more controversial comments, but one of the policy proposals Donald Trump has floated — imposing double-digit tariffs on goods from such countries as China and Mexico — is quietly giving a lot of economists heartburn. Trump’s proposal springs from an understandable concern — that the U.S. manufacturing base has weakened dramatically over the past few decades, as companies have moved operations to lower-cost countries. But a policy of imposing tariffs would bring significant side effects, said economists from a range of ideological backgrounds. Not least would be a … >>More
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